Latin Ballet of Virginia

EIN: 541972196 501(c)(3) Arts, Culture & Humanities

Richmond, VA

Total Revenue
$199,777
Total Expenses
$204,337
Total Assets
$187,278
Net Assets
$187,110
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
VA
Principal Officer
Arianna Moore
Tax Period
2023-06-01 to 2024-05-31

LATIN BALLET OF VIRGINIA INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $207K in total revenue in fiscal year 2018. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $233K exceeded revenue, resulting in a 13% operating deficit.

Mission

To preserve and promote the Latin American and Spanish cultures by performing for diverse audiences for charitable and educational purposes. The company provides professional training to its dancers and students and enhances the community by offering high quality multicultural and educational programs.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $79,420
Program Service Revenue $117,895
Investment Income $2,462
Other Revenue $0
TOTAL REVENUE $199,777

Expense Breakdown

Grants Paid $0
Salaries & Benefits $142,712
Fundraising Expenses $0
Program Expenses $156,377
Other Expenses $61,625
TOTAL EXPENSES $204,337

Year-over-Year Comparison

2023 2022 Change
Revenue $199,777 $276,263 -0.3%
Expenses $204,337 $197,514 +0.0%
Net Income $-4,560 $78,749 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
8
Independent Members
10
Employees
17
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Arianna Moore Executive Dir. 0.00
Director
$0 $0 $0
Nashira Herrera Chairman 0.00
$0 $0 $0
Suyapa Marquez Chairman 0.00
$0 $0 $0
Janet Santana Chairman 0.00
$0 $0 $0
Solomon Plater Secretary 0.00
$0 $0 $0
Claudia Perez Chairman 0.00
$0 $0 $0
Vidal Torres President 0.00
Officer
$0 $0 $0
J Latane Ware JR Treasurer 0.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $199,777 $204,337 $187,278 $-4,560
2023 $276,263 $197,514 $193,072 $78,749
2022 $156,590 $139,519 $230,287 $17,071
2021 $163,505 $128,253 $108,581 $35,252
2019 $206,531 $233,338 $71,736 $-26,807
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